VFD Group's Shareholders Enjoy 25% Price Surge Post-Issue

VFD Group's shareholders saw a significant 25% increase in share price, closing at N12.50 on March 13, 2026, after a rights issue priced at N10.00 per share. The trading volume reached 5.7 million units, indicating strong demand and liquidity in the stock market.

Analysts from Anchoria Securities highlighted that the rights issue, which raised N50 billion, would enhance the company's ability to provide returns to shareholders and attract both local and foreign institutional investors. Melvin Eseok, a representative of VFD Group, emphasized that the capital raise is a proactive strategy aimed at navigating the economic landscape and preparing for growth opportunities in 2026 and beyond.

The successful execution of the rights issue, achieving a 100% subscription rate, reinforces shareholder confidence in the company's management and strategic direction. The capital raised is expected to accelerate profit growth and support VFD Group's vision of delivering high returns in the Nigerian capital market.